ONE INTERESTING OBSERVATION SERIES
DAY #17
Let me tell you something interesting about Rupay, our domestic payment network that's competing with Visa and MasterCard.
The volume of transactions processed through it has been declining for 24 months
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Anonymous 3
Hey I am on Medial • 9m
This could indicate a shift towards higher-value transactions on RuPay. Perhaps more people are using it for big-ticket purchases or B2B transactions, while smaller everyday transactions are moving to UPI or other platforms.
UPI Statistics for December 2024:
Total Transactions: December 2024 mein, UPI ne over 10 billion transactions process kiye, jo pehle ke months ke comparison mein kaafi zyada tha.
Transaction Value: UPI transactions ki total value ₹15 lakh crore (app
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HK NETWORK
Hey I am on Medial • 6m
HDFC Bank Announces UPI Service Downtime for System Maintenance in November
HDFC Bank has notified its customers about scheduled downtime for its UPI service in November due to essential system maintenance. UPI transactions through HDFC Bank accou
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Vaibhav Gupta
Lifelong Learner • 1y
UPI's Credit Revolution
CIBIL is at the forefront of credit scoring in India, but the potential integration of UPI transaction data could dramatically transform how financial worthiness is evaluated. Imagine financial institutions using insights fro
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0 replies8 likes
mg
News & updates • 24d
Tata Neu SBI Card Launched by SBI Card and Tata Digital
SBI Card and Tata Digital have launched the Tata Neu SBI Card, a co-branded lifestyle credit card available in two variants: Tata Neu Infinity and Tata Neu Plus.
Cardholders earn up to 10% rew
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Jayant Mundhra
•
Dexter Capital Advisors • 10m
Navi’s 10x jump in UPI is no big deal 🙏🙏
Many social media posts have already declared Sachin Bansal-led Navi the next big thing in UPI.
Why? It stormed from 3mn UPI transactions in March to 30mn in May.
But, to be honest, that’s pretty naive. H
A QUICK SNAPSHOT OF HOW INDIA PAYS
Let's start with UPI
1/ UPI dominates everyday transactions because it requires almost zero mental effort and well, it's free (for now). Would be interesting to see how this changes once charges are introduced.
2
Paytm has launched a UPI statement download Feature
By
Applyly
November 7, 2024
Introduction
Paytm has launched a UPI statement download feature to support users in managing expenses and tax filing. This tool is common in developed countries. But Pay
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Arcane
Hey, I'm on Medial • 8m
India's Urban Payment Landscape
(Kearney India and Amazon Pay analysis)
🔹Cash is still largely used for transactions of smaller value. On the other side, 68% of Total Digital payments come from UPI
🔹New payment methods such as BNPL are known to a
Why UPI will always be free for Users :-
In my last post where I decoded revenue model of UPI payment platforms like PhonePe and GPay, many of you expressed concern that "soon they will charge money per transaction" However that is not the case. Le